Publication year

Conservative MP’s have pre-selected Johnson and Hunt as the candidates the party member can vote for to become the new PM. Johnson has so far been in the lead, which spells a lot of trouble for Brexit.

Our outlook for the global economy has become less rosy and the downside risks have increased. Global trade, for example, is clearly slowing down and we expect a recession in the US by the end of 2020. We also expect the trade war between the US and China to linger on for a sustained period of time.